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- W2094996900 abstract "A simple method is presented for developing optimality regions and penalty analysis of the parameter space for machine replacement problems. Optimality regions are regions of the parameter space in which a given economic life is optimal. The optimality regions (penalty analysis) provide a simple, ‘at a glance’, visual means to assess and illustrate the sensitivity of the economic life (cost implications) to errors in the problem parameters. A numerical example is presented in order to illustrate the use of the method in supporting machine replacement decisions." @default.
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- W2094996900 date "1994-12-01" @default.
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- W2094996900 title "Optimality Regions and Penalty Analysis of the Parameter Space for Machine Replacement Problems" @default.
- W2094996900 doi "https://doi.org/10.1057/jors.1994.220" @default.
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